August data indicated a continued strong recovery in UK construction output, driven by sharp rises in housing, commercial and civil engineering activity. A sustained upturn in workloads and widespread confidence towards the business outlook resulted in another rapid upturn in employment numbers….
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UK construction output rises at fastest pace for seven months
August data indicated a continued strong recovery in UK construction output, driven by sharp rises in housing, commercial and civil engineering activity. A sustained upturn in workloads and widespread confidence towards the business outlook resulted in another rapid upturn in employment numbers….
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UK construction output rises at fastest pace for seven months
Support for Scottish independence rose dramatically in August, a poll showed on Monday, leaving the “Yes” campaign just six points behind advocates of staying in the United Kingdom with 17 days to go until a referendum. The poll is the first to show a substantial shift in opinion since two telev…
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Pro-independence Scots narrow gap to victory ahead of UK vote
Support for Scottish independence rose dramatically in August, a poll showed on Monday, leaving the “Yes” campaign just six points behind advocates of staying in the United Kingdom with 17 days to go until a referendum. The poll is the first to show a substantial shift in opinion since two telev…
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Pro-independence Scots narrow gap to victory ahead of UK vote
Brazil’s residential real-estate bubble may deflate slowly, not pop, as speculators abandon the market and builders such as Rossi Residencial SA (RSID3) sell off less profitable homes ahead of more lucrative sales. Prices are leveling off this year, rising about one-third as fast as in 2011, whe…
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Brazilian Real-Estate Bubble Seen Deflating Without Pop
Registered unemployment in August increased by 8,070 compared with the previous month and the total number of unemployed registered at the offices of the Public Employment Services stood at 4,427,930. In the past 10 years, registered unemployment had increased on average in the months of August at…
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Spain: Registered unemployment in August increased by 8,070
According to a Gallup poll, the working week in the United States is almost a full working day longer than standard. While the 40 hour week is generally accepted as “normal,” adults employed full-time have reported working an average of 47 hours each week. This number has remained relatively stea…
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A 40 Hour Work Week In The United States Actually Lasts 47 Hours
The Swiss economy lost pace in the second quarter as private consumption couldn’t make up for slowing exports, replicating stagnation in the surrounding euro area. Swiss gross domestic product was unchanged in the three months through June from the previous quarter, when it expanded 0.5 percent,…
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Swiss GDP Unexpectedly Stagnates as Euro Area Leaves Mark
Based on my 30 years in the markets, the single best lesson that I can impart to investors to dramatically improve their investment performance is one of my basic principles, “No one knows with certainty what is going to happen next.” Practicing this simple principle in my investment calls is in…
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Learn how to take comfort in the unknown
The Reserve Bank of Australia kept its key interest rate at a record low to support growth and spur hiring in an economy where unemployment is at a 12-year high. The overnight cash rate target was held at 2.5 percent for a 13th month, Governor Glenn Stevens said in a statement today following an…
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RBA Holds Rates at Record Low to Spur Hiring in Slowing Economy
1. Don’t get a salary. A salary will never make you money. 2. Don’t invest any of your money. Investing is for wealth preservation, not wealth creation, so first you have to make wealth 3. Come up with ten ideas a day. This doesn’t seem like “personal finance” but it is. 4. Don’t try to sav…
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The 12 Most Important Things Everyone Should Know About Money
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Auction Result of 10-Year JGBs on September 2, 2014
The world’s most-influential bond market might just be in Frankfurt. As speculation deepens the European Central Bank will start quantitative easing just as the Federal Reserve ends its own bond buying, Europe is gaining more leverage over investors globally as the specter of deflation in the reg…
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Bond Market Tilts Toward Frankfurt as Draghi Negates Fed’s Hawks
Germany’s push for fiscal austerity is preventing the euro zone economy from growing—and instead, the region’s debts should be written off in a “modern-day debt jubilee”, a leading professor told CNBC on Monday. “If you have got the private sector paying its debt down and you tell the government …
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German austerity ‘obsession’ is wrong: Economist
EUR/USD bounce looks to be capped at 1.3341/79 within the intact downtrend, notes JP Morgan. “The broader down-rotation remains intact but faces an increased bounce risk above 1.3104/01 (pivot/weekly Ichimoku-lagging). Only below the latter we’d see fresh down-potential to 1.2916/08 (weekly tre…
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EUR/USD: Where To Sell?; Cable: Mixed Bag – JP Morgan
Yujiro Goto, FX Strategist at Nomura, notes that the full-scale GPIF portfolio shift has not started yet, adding that it is expected that the introduction of the new basic portfolio will accelerate JPY weakness. Key Quotes “The Government Pension Investment Fund (GPIF) moderately reduced the s…
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Full-scale GPIF portfolio shift to accelerate JPY weakness – Nomura
Japanese summer bonuses rose in July and regular pay grew for the second straight month, government data showed, suggesting some firms are gradually raising wages. Real wages, which are adjusted to reflect changes in consumer prices, slipped in July for the 13th straight month, but the pace of de…
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Japanese regular pay and bonuses rise in July, offer relief for PM Abe
#USD index sharply strengthens prompting #USDJPY to break above its August highs to print at its best levels since January
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USD index sharply strengthens prompting USDJPY to break above its August highs
#USD index sharply strengthens prompting #USDJPY to break above its August highs to print at its best levels since January
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USD index sharply strengthens prompting USDJPY to break above its August highs
The ANZ Commodity Price Index recorded its sixth consecutive monthly decline, falling 3.3 percent in August (-7.2% y/y). The latest monthly percentage decline is the second largest of the past six months and takes the index back to a 17-month low, 12 percent below the all-time peak measured …
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ANZ Commodity Price Index – Churning undertow
